Welcome to our dedicated page for LendingTree news (Ticker: TREE), a resource for investors and traders seeking the latest updates and insights on LendingTree stock.
LendingTree, Inc. (NASDAQ: TREE) is a premier online loan marketplace designed to simplify the financing process for consumers in the United States. Headquartered in Charlotte, NC, LendingTree offers a broad array of financial products through its extensive network of over 500 financial partners. The company's primary offerings include home loans, personal loans, auto loans, credit cards, student loans, small business loans, and insurance products.
Founded with the goal of providing consumers with competitive loan options, LendingTree allows users to complete a single online loan request and receive multiple real offers from various lenders. This transparent approach enables users to compare and select the offer that best fits their financial needs. The company operates three main segments: Home, Consumer, and Insurance.
Recent achievements highlight LendingTree's robust leadership and growth. In 2023, Scott Peyree was appointed Chief Operating Officer and President of Marketplace Businesses. Under Peyree’s leadership, the company has seen enhanced operational efficiencies and strategic growth, particularly within its insurance vertical.
Financially, LendingTree has demonstrated resilience amid challenging economic conditions. In the third quarter of 2023, the company reported an Adjusted EBITDA of $22 million, achieving an EBITDA margin of 14%. This success is attributed to disciplined expense management and strategic operational improvements.
LendingTree's latest innovation, the LendingTree Spring app, launched in 2024, underscores the company's commitment to financial wellness. The app is designed to help users cultivate smart money habits, providing them with personalized financial strategies to manage their credit health and finances effectively.
In March 2024, LendingTree secured up to $175 million in financing from Apollo Funds, strengthening their financial position and enabling further innovation across their product offerings. The company continues to focus on profitability and growth, with strong performance in the insurance segment and stable conditions in the consumer lending space.
LendingTree continues to adapt and navigate the economic landscape, using advanced analytics and proprietary systems to optimize marketing strategies and match consumers with the best financial products available. For more information, visit www.lendingtree.com.
LendingTree surveyed over 2,000 Americans regarding their Halloween spending plans amid the pandemic. 75% of respondents intend to spend on the holiday, primarily on candy (53%), pumpkins (24%), and costumes (20%). Notably, 24% of parents plan to overspend, with 47% citing their children's happiness as motivation. Gen Z is also projected to spend significantly, with 57% planning to splurge, driven by FOMO (29%). The survey indicates that 32% of Americans will celebrate by watching scary movies and buying treats.
According to a ValuePenguin.com analysis, drivers aged 15-20 were involved in 13% of fatal crashes from 2010 to 2019, resulting in 41,187 incidents and 10% of related fatalities in the U.S. Notable states for high young driver fatality rates include Nebraska, Utah, and Kansas, while states like Maryland and Hawaii reported lower rates. However, fatalities among young drivers have decreased significantly, with states like Maine and New Hampshire seeing drops of up to 54%. The analysis highlights the importance of educating young drivers about safety and the financial repercussions of accidents.
LendingTree, Inc. (NASDAQ: TREE) will announce its fiscal third-quarter 2021 results on October 28, 2021, at 7:00 a.m. ET, with a shareholder letter available on their website. A conference call is scheduled for 9:00 a.m. ET on the same day. Participants can dial in five minutes prior to the start. A replay of the call will be accessible from 12:00 p.m. ET on October 28 until 12:00 p.m. ET on November 5, 2021.
According to a recent LendingTree report, interest in store credit cards has hit a three-year low, with only 29% of consumers likely to apply this holiday season, down from 44% in 2020. Debt associated with store cards also decreased significantly, with just 33% of cardholders reporting debt, compared to 49% last year. While average APRs remain high at 24.27%, store cards are still preferred over buy now, pay later options (29% vs. 21%). Notably, 42% of consumers have closed a store card, primarily due to high interest rates and cessation of shopping at these retailers.
This week marks the start of the official NFL season, with full-capacity stadiums allowing fans to return to in-person events. A survey by LendingTree reveals that 67% of Americans plan to spend money on football season-related items, such as food and drinks (26%) and streaming services (22%). Notably, 51% hope to attend live games, with an expected $1,000+ expenditure from 27% of fans. However, 25% may incur credit card debt due to these expenses. This season reflects a pent-up desire for social engagement after last year's restrictions.
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